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graduate registration any student who might otherwise prefer to



look for graduate instruction elsewhere。 The plan has not been



found to work well; and it is still on trial。







6。 At least one such businesslike chief of bureau has seriously



endeavoured so to standardize and control the work of his staff



as to have all courses of lectures professed in the department



reduced to symmetrical and permanent shape under the form of



certified syllabi; which could then be taken over by any member



of the staff; at the discretion of the chief; and driven home in



the lecture room with the accredited pedagogical circumstance and



apparatus。 The scheme has found its way into academic anecdote;



on the lighter side; as being a project to supply standard



erudition in uniform packages; 〃guaranteed under the pure food



law; fully sterilized。 and sealed without solder or acids〃; to



which it is only necessary to 〃add hot air and serve。〃







7。 So; e。 g。; it is known to have; on occasion; became a



difficult question of inter…bureaucratic comity; whether



commercial geography belongs of right to the department of



geology or to that of economics; whether given courses in Hebrew



are equitably to be assigned to the department of Semitics or to



that of Religions; whether Church History is in fairness to be



classed with profane History or with Divinity; etc。;  questions



which; except in point of departmental rivalry; have none but a



meretricious significance。







8。 Nugatory; that is; for the ostensible purpose of reducing



inter…academic rivalry and duplication。 However; there are other



matters of joint interest to the gild of university executives;



as; e。g。; the inter…academic; or inter…executive; blacklist; and



similar recondite matters of presidential courtesy and prestige;



necessary to be attended to though not necessary to be spread



abroad。







9。 The English pattern of boys' schools and gentlemanly



university residence has doubtless afforded notable guidance to



the 〃Educators〃 who have laboured for the greater gentility of



American college life; at the same time that the grave



authenticity of these English customs has at many a difficult



passage sewed opportunely to take the edge off the



gentlemen…educators' sense of shame。







10。 Illustrative instances have little value as anecdotes and not



much more as circumstantial evidence; their abundance and



outrance are such as to have depreciated their value in both



respects。 Yet to any who may not know of this traffic by familiar



contact one or two commonplace instances may perhaps not seem too



much。 So; a few years ago; in one of the greater of the new



universities; a valued member of one of the athletic teams was



retained at an allowance of 40 a month as bookkeeper to the



janitor of one of the boys' dormitories on the campus。 At the



same university and about the same time two other athletes were



carried on university pay as assistants to the editor of the



weekly bulletin announcing the programme of academic events for



the week; though in this case; to the relief of the editor in



question; only one of the two assistants reported at his office;



and that only once; during the year of their incumbency。 These;



as already remarked; are commonplace occurrences。 The more



spectacular instances of shrewd management in these premises can



not well be dealt with otherwise than by a canny silence; that



being also the course approved by current practice。







11。 A single instance may tolerantly be admitted here。 Among the



formal requirements that would admit students to a free pursuit



of sportsmanship; at the same university as above mentioned;



without imputation of professionalism; was specified the ability



to read at sight such a passage in a given foreign language as



would satisfy the instructor in charge that the candidate was



competent in the language in question。 The instructor responsible



in this case; a man of high academic rank and gifted with a



sympathetic good…will toward the 〃boys;〃 submitted in fulfilment



of the test a copy of the Lord's Prayer in this foreign tongue;



and passed the (several) candidates on finding them able passably



to repeat the same in English。 It would scarcely be fair to



distinguish this episode by giving names and places; since



equally ingenious expedients have been in use elsewhere。







12。 〃And then there came another locust and carried off another



grain of wheat; and then there came another locust;〃 etc。; etc。







13。 More than one instance might be cited where a student whose



privately avowed and known aim was the study and practice of Law



has deliberately been induced by the offer of a fellowship



stipend to register; for the time being; as an academic graduate



student and as candidate for the academic doctor's degree。 In the



instances that come to mind the students in question have since



completed their law studies and entered practice; without further



troubling about the academic degree for which they once were



ostensible candidates。







CHAPTER IV







Academic Prestige and the Material Equipment







    In the course of the preceding chapter it has appeared that



the introduction of business principles into university policy



has had the immediate and ubiquitous effect of greatly



heightening the directorate's solicitude for a due and creditable



publicity; a convincing visible success; a tactful and effectual



showing of efficiency reflected in an uninterrupted growth in



size and other tangible quantitative features。 This is good



policy as seen from the point of view of competitive business



enterprise。 In competitive business it is of the gravest



importance to keep up the concern's prestige; or 〃good will。〃 A



business concern so placed must be possessed of such prestige as



will draw and hold a profitable traffic; otherwise the enterprise



is in a precarious case。 For the objective end and aim of



business enterprise is profitable sales; or the equivalent of



such sales if the concern is not occupied with what would



strictly be called sales。 The end sought is a net gain over



costs; in effect; to buy cheap and sell dear。 The qualities that



count as of prime consequence in business enterprise; therefore;



particularly in such business enterprise as has to do with many



impressionable customers; are the salesmanlike virtues of



effrontery and tact。 These are high qualities in all business;



because their due exercise is believed to bring a net return



above the cost of the goods to the seller; and; indeed; above



their value to the buyer。 Unless the man in competitive business



is able; by force of these businesslike aptitudes; to get



something more than he gives; it is felt that he has fallen short



of the highest efficiency。 So the efficient salesman; and



similarly the efficiently managed business concern; are enabled



to add to their marketable goods an immaterial increment of



〃prestige value;〃 as some of the economists are calling it。 A



margin of prepossessions or illusions as to their superior; but



intangible and inexpensive; utility attaches to a given line of



goods because of the advertiser's or salesman's work;  work



spent not so much on the goods as on the customer's



sensibilities。



    In case these illusions of superior worth are of an enduring



character; they will add an increment of such intangible utility



also to goods or other marketable items subsequently to be



offered by the same concern; and they can be added up as a



presumptive aggregate and capitalized as intangible assets of the



business concern in question。 Such a body of accumulated and



marketable illusions constitute what is known as 〃good…will;〃 in



the stricter sense of the term。 The illusions in question need;



of course; not be delusions; they may be well or ill founded; for



the purpose in hand that is an idle question。



    The most familiar and convincing illustrations of such good



will are probably those afforded by the sales of patent



medicines; and similar proprietary articles of household



consumption; but intangible values of a similar nature are



involved in nearly all competitive business。 They are the product



of salesmanship; not of workmanship; and they are useful to the



seller; not to the buyer。 They are useful for purposes of



competitive gain to the businessman; not for serviceability to



the community at large; and their value to their

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